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Economics

5/6 Financial literacy test

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borrow

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Definition

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to lend

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Created by

Randolph_DollTeacher

Terms in this set (15)

A plan for making and spending money

An occupation undertaken for a significant period of a person's life and with opportunities for progress.

comparison shopping

comparing products and prices in different stores before making a purchase

An arrangement to receive cash, goods, or services now and pay for them in the future.

paid position of regular employment

something essential for survival

opportunity cost

whatever must be given up to obtain some item

something, typically money, that is owed or due

riskThe chance of loss from an event that cannot be entirely controlledsalaryA fixed amount of money paid to an employee for each pay period.simple interestinterest paid on the principal alonetaxesFees for the support of government required to be paid by people and businesses.wantsthings that add comfort and pleasure to your life

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